$TLRY - RC -
Added 2023-05-11 09:23:53 +0000 UTC$TLRY has had a difficult few months after posting back to back negative reports, in spite of the cannabis deregulation. There is of course still a future for this industry and it is becoming more widespread in Asia too, as Thailand has recently legalised Cannabis, which is a significant change, as they have traditionally took a hard stance on drugs.
The chart has shown a break out from the descending wedge, which is a good sign, above the 50 Day MA now and the 200 Day MA is a test above, a break above this level and the targets are above as shown.
It needs to stay above the middle blue line now for potential upside. If this loses the bottom blue line, we are into the danger zone (top gun reference but I like it) we never want to be in the danger zone.
